Wondering whether during the Global Financial Crisis (2007-2008); when there was a significant demand slowdown, Lexus significantly discounted their vehicles and / or offered 0% apr.
I know that several domestic and German cars were discounted heavily, but curious about Lexus specifically.
In case you’re wondering, I’m expecting a recession shortly and wanted to decide whether I should buy now or later.
I have a vehicle that I absolutely must sell and would like to buy a new one in its place and I want to do it this year.
Yes, but I need a replacement. Just trying to figure out the best timing. The car I want to buy this time would be a “forever” car and I don’t want to sell it. That’s why I’m looking at Lexus so closely.
EVs are not ‘forever cars’ they are max 10 year cars.
That’s why EVs are good leases.
But as a rule, when used cars sell for a lot…so do New Cars. The best is to stockpile used, sell when high and buy more cars when low. Can’t have both at exactly the same time unless you are really not picky on the car (like a Kia or a Jeep)
Realistically you can’t expect to time the market that well, and if you genuinely think you can, you’ll make a lot more money placing short positions than you could save on a Lexus.
If you need to sell the car, and want to hoard cash, and don’t mind a moderate range EV then just sell the car and buy a $15k Bolt.
I hear you. I take good care of my cars and I expect an EV to last me 10-15 years and for me, that would be a forever car. When my financial situation gets better, I’ll also buy / lease a hybrid.
Very interesting. Shortly means next week, next year?
You said you need a car now and if the recession will not come in next 5 years then what are you going to do ? LOL
I know they’re not all that excited about EVs at the moment. But Toyota is also putting a significant amount that of work into Solid State Batteries. So, to me that indicates that long term, they want to lead the EV game, but they think that the technology is not there just yet.
Definitely learned my lesson that one cannot time the market and I don’t want to even try that.
Here’s some more clarity:
I have a car that I must absolutely sell soon. Getting good value, but the offer amounts have been declining over the last couple of months. I have decided that it is not the car for me.
I also want a good, reliable car for my wife and kid to use, but am financially constrained. Leasing a Lexus EV solves the cash flow issue for next 3 years and after that, I should hopefully be able to buy it out, or be in a better financial position to buy a different, hybrid Lexus.
I think you’re reading too deeply into it. I don’t buy or sell cars for a living. I just want to know whether Lexus has offered heavy discounts or 0% aprs in the past.
Many Lexus models are being heavily discounted now. I would bet that the RZ will be very heavily discounted in December. If there is a recession, there probably will be bigger discounts.
Lexus Canada slashed prices in 2008, reportedly due to currency conversion issues.
